Tax Liability Breakup Gst

Hi Asif, thanks for your question about GST liability breakup under the QRMP scheme and the new GSTR-3B tab.

Here’s a clear explanation for your situation:

Your Situation:

• Under QRMP, you deposited ₹2,500 as output tax for January.

• February had no output tax due to higher purchases.

• For March, total output tax liability for the quarter is ₹15,500.

• You deposited ₹13,000 (i.e., ₹15,500 - ₹2,500 already paid).

• Now, the new GSTR-3B tab is activated but you haven’t filed any return yet.

What You Need to Do:

1. Quarterly Return Filing:

   • Since you are under QRMP, you need to file GSTR-3B return quarterly for Jan-Mar.

   • The total output tax liability for the quarter (₹15,500) should be declared in the March month’s return(quarterly return).

2. Self-assessed Tax Deposits:

   • Your monthly tax payments (like ₹2,500 for Jan) are advance tax deposits.

   • When you file the quarterly return, you need to show these advance deposits.

   • The system will allow you to adjust the ₹2,500 and ₹0 for Feb against the total liability of ₹15,500.

3. New GSTR-3B Tab:

   • The new tab is designed to help you declare monthly/quarterly liability and payments.

   • You must fill the quarterly return in the March month tab, reflecting the full liability and earlier payments.

   • No separate data feed for Jan or Feb is required as you are filing quarterly.

   • Just ensure all payments and liabilities are reconciled in the March return.

4. Filing After Due Date:

   • If you have not filed till now (and the due date is passed), you should file as soon as possible to avoid penalties.

   • Late fees apply on delayed filing.

Summary:

• File quarterly GSTR-3B return for Jan-Mar in March month tab.

• Show total tax liability ₹15,500.

• Adjust earlier payments ₹2,500 (Jan) and 0 (Feb) against this.

• No need to feed Jan or Feb data separately.

• File ASAP to avoid penalty.